Banks Impose Poverty
I know it may be a bold statement to say that Banks impose Poverty, but before you judge my statement, let me share this true story from American History.
It was around 1750. The American Colonies were thriving. Benjamin Franklin wrote that "There was abundance in the Colonies, and peace was reigning on every border. It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe".
Then in 1763 Mr. Franklin traveled to London, where he saw a completely different situation. "The streets are covered with beggars and tramps," he wrote.
So what was the difference? Why were the new colonies so prosperous while England seems to be struggling with an abundance of poverty? The answer was found in the money systems.